Mission 2540 EIN 20-1919092 Form 990 (PDF) Claim this org

Mission 2540 FY2020 filing

Not yet claimed Claim this org →

Provides for the needs of poor or disadvantaged children. For fiscal year 2020 it reported $274K in revenue, $196K in expenses, and $393K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Amarillo, TX
Website
mission2540.org
Filings
5 on file (2020–2020)
Revenue
$274KFY2020
Expenses
$196K
Net assets
$393K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1919092 Public foundation / grantmaker Amarillo, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Mission 2540 claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides for the needs of poor or disadvantaged children.
Leadership
Brooks Boyett · President · $79K
Money in and out
$274K revenue, $196K expenses
Bottom line
75% program efficiency
Grants paid & assets · FY2020
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program efficiency
75%
of spending reaches programs
Operating runway
24.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$274K
FY2020
Expenses
$196K
FY2020
Total assets
$410K
FY2020
Total liabilities
$17K
FY2020
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$410K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $147K of program spending, described in the organization's own filed words · FY2020.
01

Bible clubs for various low-income apartment complexes.

$147Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMission 2540
EINHdr · item D20-1919092
Principal addressHdr · item CAmarillo, TX
WebsiteHdr · item Jmission2540.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJan 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$79,128Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice - Presi
$0Pt VII · Sec A
$0Pt VII · Sec A

Brooks Boyett’s $102K as President is at the 86th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brooks Boyett$102,449$89,050$86,710$84,372$79,128

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mission 2540 executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$233K · 85%
Other revenue$40K · 15%
Contributions & grants85%$233K
Other revenue15%$40K
Investment income$399
— government grantsLn 1e$21K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.24 Fundraising $0.01
Program services75%$147K
Management & general24%$47K
Fundraising1%$2K
Total functional expensesLn 25$196K

Balance Sheet

Part X · end of year
CashLn 1$399K
Total assetsLn 16$410K
Total liabilitiesLn 26$17K
Total net assetsLn 32$393K
Months of cash on handcomputed24.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $399K · Operating expenses/yr $196K
24.5 months
Where the money goes
Program services
Program services $147K · Total expenses $196K
75%
Management & General
Management & general $47K · Total expenses $196K
24%
Fundraising
Fundraising $2K · Total expenses $196K
1%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $212K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $274K
85%
Government reliance
Government grants $21K · Total revenue $274K
8%
Earned-income share
Program service revenue $0 · Total revenue $274K
0%
Investment reliance
Investment income $399 · Total revenue $274K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $196K
0%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $196K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $410K
Net-asset ratio
Net assets $393K · Total assets $410K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $410K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brooks Boyett · Reported title PRESIDENT · Highest reported compensation $79K · Total expenses $196K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $196K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 24%
Fundraising cost ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $104K · 2020–2024
Unitemized GrantFY2024$29,441
Unitemized GrantFY2023$28,839
Unitemized GrantFY2022$14,149
Unitemized GrantFY2021$13,607
Unitemized GrantFY2020$17,878

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$293K revenue · ⤓ 990 PDF
FY2023$327K revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF
FY2021$240K revenue · ⤓ 990 PDF
FY2020$274K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.